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Another service? paxil price cvs To make up that shortfall, the federal government is likely to begin a round of what’s been called “pension smoothing,” which allows the state to pay below-actuarial rates to pension funds now, while raising future rate promises as a make weight. The danger, as with any deferral of guaranteed payments, is that it will grow future liabilities. Moody’s addressed a similar plan in New York state by calling the practice “a stopgap with long-term risks.” It is, in purest terms, what lawmakers like to call “kicking the can down the road.”